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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income $ 20,159 $ 18,449
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,862 21,100
Provision for doubtful accounts 552 156
Share-based compensation 1,723 1,392
Gain on sale of used rental equipment (4,788) (4,615)
Foreign currency exchange loss (gain) 436 (49)
Amortization of debt issuance costs 3 3
Change in:    
Accounts receivable 1,713 1,457
Prepaid expenses and other assets 363 (11,520)
Accounts payable and accrued liabilities (6,383) 9,948
Deferred income 6,943 8,478
Deferred income taxes 1,099 1,707
Net cash provided by operating activities 45,682 46,506
Cash Flows from Investing Activities:    
Purchases of rental equipment (35,374) (34,132)
Purchases of property, plant and equipment (3,196) (2,753)
Proceeds from sales of used rental equipment 10,356 9,233
Net cash used in investing activities (28,214) (27,652)
Cash Flows from Financing Activities:    
Net repayment under bank lines of credit (1,890) (9,103)
Repurchase of common stock (7,852)  
Taxes paid related to net share settlement of stock awards (401) (1,555)
Payment of dividends (9,369) (8,248)
Net cash used in financing activities (19,512) (18,906)
Effect of foreign currency exchange rate changes on cash 44 (14)
Net decrease in cash (2,000) (66)
Cash balance, beginning of period 2,342 1,508
Cash balance, end of period 342 1,442
Supplemental Disclosure of Cash Flow Information:    
Interest paid, during the period 2,859 2,828
Net income taxes paid, during the period 363 710
Dividends accrued during the period, not yet paid 10,218 9,088
Rental equipment acquisitions, not yet paid $ 6,537 $ 11,004